EV via Salary Sacrifice - indicative monthly cost?
Discussion
alfaeejit said:
We've got the tusker SS scheme (local authority) and we don't seem to get the same deals as the NHS schemes. I think there were some real bargains a couple of years ago (etron etc) but they seem to have dried up. If you hunt there are some good looking deals though - a 40kwh leaf for 220ish a month (net) for 24 months seems decent and there was a launch edition e-mokka for 240 for 24 months. The ix3 was also available for 450 for 48 months but that's shot up now
I've also noted that the 40 q4 etron is actually coming in cheaper than the bigger battery version of the id4 and enyaq which is quite temping at 440 for 48 months and a similar amount gets you an ioniq 5 AWD.
Hi there. My firm are putting in Tusker at the end of next month and I’m after the new facelift Ix3, do you have any insight as to how much it is now? I’m a 40% taxpayer I've also noted that the 40 q4 etron is actually coming in cheaper than the bigger battery version of the id4 and enyaq which is quite temping at 440 for 48 months and a similar amount gets you an ioniq 5 AWD.
Rob-nxrcm said:
Hi there. My firm are putting in Tusker at the end of next month and I’m after the new facelift Ix3, do you have any insight as to how much it is now? I’m a 40% taxpayer
Just be mindful that it's not that simple though for EV SS Schemes as individual pricing from the same supplier and same tax rate can still vary a lot based on:- Your age and location for the built in insurance
- Your employers setup of the scheme (do they pass on both NIC savings and the 50% VAT they can claim?)
- Your individual pension; as discussed on this thread before, depends on pension setup as to whether your pension contributions also drop and so the net salary figure is less than for someone who's pension contributions dont change
Likewise Tusker via SS coming in to my company next month.
Interested if this platform has identical pricing across all companies - so does “Company A” via tusker get a Tesla for the same price as “Company B” albeit the variables above change (pension, savings pass-on, insurance pricing)?
I see if like xexec or other corporate discount platforms.. I can buy a Dell PC with a “company A” 15% discount just like “company B” can as they have access to the same pricing. Is this the same as Tusker for cars?
Interested if this platform has identical pricing across all companies - so does “Company A” via tusker get a Tesla for the same price as “Company B” albeit the variables above change (pension, savings pass-on, insurance pricing)?
I see if like xexec or other corporate discount platforms.. I can buy a Dell PC with a “company A” 15% discount just like “company B” can as they have access to the same pricing. Is this the same as Tusker for cars?
ukpolak said:
Likewise Tusker via SS coming in to my company next month.
Interested if this platform has identical pricing across all companies - so does “Company A” via tusker get a Tesla for the same price as “Company B” albeit the variables above change (pension, savings pass-on, insurance pricing)?
I see if like xexec or other corporate discount platforms.. I can buy a Dell PC with a “company A” 15% discount just like “company B” can as they have access to the same pricing. Is this the same as Tusker for cars?
Depends on the number of vehicles to be supplied and the level of insurance cover for early termination usually. Interested if this platform has identical pricing across all companies - so does “Company A” via tusker get a Tesla for the same price as “Company B” albeit the variables above change (pension, savings pass-on, insurance pricing)?
I see if like xexec or other corporate discount platforms.. I can buy a Dell PC with a “company A” 15% discount just like “company B” can as they have access to the same pricing. Is this the same as Tusker for cars?
My company recently started an electric car SS scheme which got me a bit excited - basically an EV would be a bit of a pain for me as I don't have off-street parking but I'd consider putting up with that inconvenience I could get a really good (read fast) one on the cheap. However when I looked into Taycan Cross Turismos (love 'em, think they're great) the net costs ended up being roughly what I would have guessed they'd be if I was paying out of post-tax salary anyway, but crucially I'd lose quite a chunk of employer pension contributions and that kills it for me. Maybe I was being too optimistic having heard about the amazing deals other people have got. Granted there are many other EVs available for much less but none of which seem special enough to warrant the cost and hassle that goes with them. One to revisit in a few years perhaps.
Roger Irrelevant said:
My company recently started an electric car SS scheme which got me a bit excited - basically an EV would be a bit of a pain for me as I don't have off-street parking but I'd consider putting up with that inconvenience I could get a really good (read fast) one on the cheap. However when I looked into Taycan Cross Turismos (love 'em, think they're great) the net costs ended up being roughly what I would have guessed they'd be if I was paying out of post-tax salary anyway, but crucially I'd lose quite a chunk of employer pension contributions and that kills it for me. Maybe I was being too optimistic having heard about the amazing deals other people have got. Granted there are many other EVs available for much less but none of which seem special enough to warrant the cost and hassle that goes with them. One to revisit in a few years perhaps.
You might fid the SS car is significantly cheaper if you're just guessing? What were the SS terms and cost?I also looked at a Tusker supplied Taycan Cross Turismo, and it was £1100 net cost. Considering thats no deposit, both insured etc I thought it was pretty reasonable (relatively speaking!)
To buy one through Porsche would be significantly more than that, or take a much larger deposit.
Some cars on the Tusker SS scheme seem to be good value (Mini, corsa) , but the mid range stuff seems really expensive (Tesla MY, etc) ..
To buy one through Porsche would be significantly more than that, or take a much larger deposit.
Some cars on the Tusker SS scheme seem to be good value (Mini, corsa) , but the mid range stuff seems really expensive (Tesla MY, etc) ..
justin220 said:
I also looked at a Tusker supplied Taycan Cross Turismo, and it was £1100 net cost. Considering thats no deposit, both insured etc I thought it was pretty reasonable (relatively speaking!)
To buy one through Porsche would be significantly more than that, or take a much larger deposit.
Some cars on the Tusker SS scheme seem to be good value (Mini, corsa) , but the mid range stuff seems really expensive (Tesla MY, etc) ..
Depends on the model and terms. You can lease a Taycan CT4 on a 4 year deal for around £1000 a month with no deposit.To buy one through Porsche would be significantly more than that, or take a much larger deposit.
Some cars on the Tusker SS scheme seem to be good value (Mini, corsa) , but the mid range stuff seems really expensive (Tesla MY, etc) ..
Roger Irrelevant said:
My company recently started an electric car SS scheme which got me a bit excited - basically an EV would be a bit of a pain for me as I don't have off-street parking but I'd consider putting up with that inconvenience I could get a really good (read fast) one on the cheap. However when I looked into Taycan Cross Turismos (love 'em, think they're great) the net costs ended up being roughly what I would have guessed they'd be if I was paying out of post-tax salary anyway, but crucially I'd lose quite a chunk of employer pension contributions and that kills it for me. Maybe I was being too optimistic having heard about the amazing deals other people have got. Granted there are many other EVs available for much less but none of which seem special enough to warrant the cost and hassle that goes with them. One to revisit in a few years perhaps.
Have you had confirmation of the impact on pension?I’ve signed up via Zenith and there is no impact on my pension contributions as my pension is also Salary Sacrifice and both the car and pension come off my gross pay. Was the first question I asked before signing up as I was worried about any pension impact.
SWoll said:
Roger Irrelevant said:
My company recently started an electric car SS scheme which got me a bit excited - basically an EV would be a bit of a pain for me as I don't have off-street parking but I'd consider putting up with that inconvenience I could get a really good (read fast) one on the cheap. However when I looked into Taycan Cross Turismos (love 'em, think they're great) the net costs ended up being roughly what I would have guessed they'd be if I was paying out of post-tax salary anyway, but crucially I'd lose quite a chunk of employer pension contributions and that kills it for me. Maybe I was being too optimistic having heard about the amazing deals other people have got. Granted there are many other EVs available for much less but none of which seem special enough to warrant the cost and hassle that goes with them. One to revisit in a few years perhaps.
You might fid the SS car is significantly cheaper if you're just guessing? What were the SS terms and cost?Matt.. said:
We are getting one of these schemes at work. One major point that puts me off is that if I leave the company I need to return the car. Is there any way around this? It seems a little bizarre that this is how it works.
No way around it. It would be more bizarre if it didn't work like that. Payments are processed by your companies payroll, if you leave how can they process the payments?
Matt.. said:
We are getting one of these schemes at work. One major point that puts me off is that if I leave the company I need to return the car. Is there any way around this? It seems a little bizarre that this is how it works.
Is that the only restriction? Mine are bringing in the Octopus scheme and it sounds like they're going to levy anyone who leaves with a bill for 50% of remaining payments. It's basically a reverse retention scheme which would put me off the scheme completely!AyBee said:
Is that the only restriction? Mine are bringing in the Octopus scheme and it sounds like they're going to levy anyone who leaves with a bill for 50% of remaining payments. It's basically a reverse retention scheme which would put me off the scheme completely!
This is one of the reasons HR like it. If I were leaving, I’d negotiate that cost on the way into the new employer.
Matt.. said:
We are getting one of these schemes at work. One major point that puts me off is that if I leave the company I need to return the car. Is there any way around this? It seems a little bizarre that this is how it works.
It's an alternative way of funding a company car, what did you think was going to happen? TooLateForAName said:
Are these NHS schemes available if you are retired/returned?
My OH is about to retire and return and her leaf is getting on a bit. Started looking at options and just wondered if the schemes are applicable? Anyone give me an indication of prices?
Yes, if she is still salaried with return to work. The cost would be slightly higher than for a pension contributorMy OH is about to retire and return and her leaf is getting on a bit. Started looking at options and just wondered if the schemes are applicable? Anyone give me an indication of prices?
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